What is the purpose of a cellulosic biofuel waiver credit?
Under EISA, EPA is required to make cellulosic biofuel waiver credits available for years where we waive some portion of the statutory volume for cellulosic biofuel.
These credits can then be used by obligated parties to comply with the cellulosic biofuel volume obligation in lieu of RINs generated with the production of the cellulosic biofuel.
Cellulosic biofuel waiver credits are for obligated parties who do not acquire sufficient RINs for their cellulosic biofuel RVO in a given compliance year. These credits cannot be traded.
A link to the current cellulosic biofuel waiver credit prices is available here on Table 6: Cellulosic Waiver Credits Purchased Annually.